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Amy Peterson's Annual Salary When She Started Working in 2006

Question 102

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Amy Peterson's annual salary when she started working in 2006 was $35,000. In 2011, her annual salary had increased to $44,000. Using 2006 as the base year, the consumer price index for 2011 was computed to be 112. Use this information to determine if Amy was better off in 2006 or in 2011.

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Amy was better off in 2011 bec...

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